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Indeed, trust is about knowing that a counterparty has a strong incentive to act with goodwill. For important things, the incentive is that they will be punishe
by oersted 2y ago
Indeed, trust is about knowing that a counterparty has a strong incentive to act with goodwill. For important things, the incentive is that they will be punished by the justice system if they don't act with goodwill.
Without a real-world identity and a reasonable guarantee of enforcement, it's a lot harder to establish any kind of serious trust, possibly fundamentally impossible.